Los Siervos De Jesus Group

Sra. Alejandra is a 47-year-old single mother with two children. She has been with EDAPROSPO for seven years and has been selling cosmetics for more than 15 years. Alejandra came up with this idea for generating income so that she could cover her expenses. Six years ago, she also started a service of providing care for older adults. Through her efforts and her work, Alejandra has been able to increase her inventory of merchandise and improve her lifestyle. Her income currently covers expenses such as food, water, electricity, and telephone. Her plans for the future are to continue growing her business and to finish the construction of her home. She will use her loan to buy more beauty products since her sales have increased in recent months.

Alejandra is a member of the Communal Bank "Los Siervos de Jesús" (The Servants of Jesus), which was established seven years ago and consists of six members. She has served in the capacity as president for the past five years.

Additional Information

About EDAPROSPO

EDAPROSPO seeks to use micro-credit to foster productive commercial activity for the sake of economic and social development within vulnerable urban and rural sectors traditionally neglected by commercial banks. By offering innovative products such as technical education loans and microfinance groups for young people, EDAPROSPO helps disadvantaged Peruvians lift themselves out of poverty.

This is a Group Loan

In a group loan, each member of the group receives an individual loan but is part of a larger group of individuals. The group is there to provide support to the members and to provide a system of peer pressure, but groups may or may not be formally bound by a group guarantee. In cases where there is a group guarantee, members of the group are responsible for paying back the loans of their fellow group members in the case of delinquency or default.

Kiva's Field Partners typically feature one borrower from a group. The loan description, sector, and other attributes for a group loan profile are determined by the featured borrower's loan. The other members of the group are not required to use their loans for the same purpose.